Amazon To Buy Seattle Office Buildings For $1.16B

Amazon.com disclosed in an SEC filing that it has agreed to buy its Seattle headquarters buildings for about $1.16 billion.

The purchase includes 11 buildings with 1.8 million square feet of space which the company already occupies. Amazon said the deal will close in Q4. The online retailer said it has already made a non-refundable deposit of $23 million which will increase to $51 million on October 22, and will be forfeited if the deal does not close in Q4.